Fri, Jan 17, 2025 9:56 PM
SEBI disposes of proceedings against IIFL Securities
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Axis Bank's shares fell 4.4% to ₹992 after the lender posted weaker-than-expected earnings in its December quarter, driven by higher credit costs and loan book concerns. The Bank Nifty index also declined 1.5%, with most of its constituents falling, as investors remain cautious on Axis Bank's inconsistent quarterly numbers and growth prospects.
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Expecting Bharat Electronics’ (BEL) market share to grow in the coming years, domestic brokerage firm Motilal Oswal has shared its optimistic view on the stock, maintaining a ‘buy’ rating on the same with a target price of Rs 360, indicating potential growth of 27.5%. The shares of BEL closed 2.2% higher at Rs 282.15 on the BSE today.
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Hindalco Industries Ltd on Friday said that it aims to replace diesel vehicles with electric vehicles across all plants in the country as part of its goal to become a net-zero carbon emission company. The company stated that it has flagged off a fleet of electric bulkers at its Aditya Aluminium plant in Odisha for supplying one million tonnes of fly ash to the cement industry in the state.
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